Monetary Policy and the Lost Decade : Lessons from Japan /
This paper investigates how monetary policy can help ward off a protracted deflationary slump when policy rates are near the zero bound by studying the experience of Japan during the "Lost Decade" which followed the asset-price bubble collapse in the early 1990s. Estimation results based o...
| Autor principal: | |
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2009/232 |
| Accés en línia: | Full text available on IMF |